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SEC takeover: Expansion would mean more power, wealth

Barring a dramatic change of direction, Texas and Oklahoma are moving toward taking the Red River Rivalry to the Southeastern Conference in a seismic shift that will have repercussions in college sports from coast to coast.

According to multiple reports, the first and significant formal step of the process could come as soon as Monday with the two schools informing the Big 12 they will not renew the contractual agreement that binds conference members until 2025.

The Big 12 said Sunday night its executive committee of Texas Tech President Lawrence Schovanec, Baylor President Linda Livingstone and Commissioner Bob Bowlsby held a video conference with Oklahoma President Joe Harroz and Texas President Jay Hartzell.